Indicator: WaveTrend Oscillator [WT]

WaveTrend Oscillator is a port of a famous TS/MT indicator. More info: https://www.youtube.com/watch?v=7vhIsk51_Ro

When the oscillator is above the overbought band (red lines) and crosses down the signal (dotted line), it is usually a good SELL signal. Similarly, when the oscillator crosses above the signal when below the Oversold band (green lines), it is a good BUY signal.

I have marked some cross-overs in the above chart. As you can see, they are *not* the only useful signals WT generates. Try it on your instrument and let me know what you think.

---- How to import / use custom indicators from this chart (PDF) ---- https://drive.google.com/file/d/0Bx48Du_2aPFncUhIemNrZUY1dTA/edit?usp=sharing

Rebounds

Lovely indicator. Great strengths when I'm manually trading forex hourly. I'd like to know if it's possible to add this to an autotrade through TradingView or setup an alert such as: signal bar on close if green line below red dot; signal bar close if green line above red dot. Not the upper and lower static dots/lines, but the live ones.

@jpshots, The area plot is the difference between the oscillator and the signal. It takes positive values when the oscillator is above the signal and negative values when the oscillator is below the signal.